Toronto pastors defrauded congregation of at least $9-million in ‘Ponzi scheme,’ police say

National Post | News

Criminal charges have been brought against three Toronto pastors for allegedly swindling millions from parishioners to fund a luxurious lifestyle.

Police charged Marlon Gary Hibbert, 49, who operates an independent ministry near St. Clair Ave. E. and Victoria Park with 38 counts of fraud over $5,000. Also charged is his wife, Verna Hibbert, 48, and 47-year-old Lorraine Bahlmann, who police said assisted the couple in carrying out the fraud.

According to police, between 2005 and 2010, Mr. Hibbert told parishioners he was as an expert foreign currency trader, promising his unsuspecting victims large returns in exchange for their money and successfully soliciting nearly $9-million from over 200 people in the form of investment contracts and loans.

The money obtained paid for fast cars and fancy homes with the remainder funneled into the couple’s holdings in Panama, according to police.

In 32 years of adjudication I have never encountered a more…

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